PM receives Japan’s largest bank chairman

Prime Minister Nguyen Tan Dung received in Hanoi on April 20 Nobuyuki
Hirano, Chairman of the Bank of Tokyo Mitsubishi UFJ (BTMU) - the
largest bank in Japan.

The PM spoke highly of the bank’s
providing thousands of billions of US dollars for Japanese investors in
projects on industrial production and energy and transport
infrastructure construction in Vietnam. The capital provision was the
specific result of the round-table dialogue between Prime Minister Dung
and the BTMU and other 13 major Japanese groups in Tokyo in December
2013.

Dung also praised the bank’s efforts to support Vietnam to
develop its supporting and hi-tech industries and agriculture
production, and encourage both countries’ firms to expand trade ties.

He reiterated that the Vietnamese Government
continues creating favourable environment for foreign investors,
including those from Japan.

Vietnam is working to issue a decree
allowing foreign investors to purchase shares from Vietnam’s commercial
banks with a higher proportion compared to the current maximum 30
percent, the PM said.

The BTMU Chairman said Vietnam
ranked second among ASEAN member states in terms of the number of
Japanese investors with over 1,500 enterprises from Japan. This figure
will continue to rise in the coming time, he added.

Nobuyuki Hirano noted that Japan is willing to transfer technology in
supporting industries to Vietnam’s small- and medium-sized enterprises.